ADVFN US – Market Content Editor
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Paramount-Skydance $28B Merger, Boeing Agrees to Plead Guilty with $243.6M Fine, and More News
Paramount Global (NASDAQ:PARA) – Skydance Media and Paramount Global announced a merger, with Skydance acquiring National Amusements for $2.4 billion before merging with Paramount. This union will create a company valued at $28 billion, offering $4.5 billion to shareholders and adding $1.5 billion to Paramount’s balance sheet. The deal improves offers to the Redstone family…
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U.S. Stocks Advance As Treasury Yields Drop Following Jobs Data
Stocks moved mostly higher over the course of the trading day on Friday, with the major averages all moving to the upside after turning in a mixed performance early in the session. The Nasdaq and the S&P 500 closed higher for the fourth straight session, once again reaching new record closing highs. The major averages…
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Crypto Market Sentiment Dives, PancakeSwap Launches zkSync Reward
Impact of Mt. Gox transfers on Bitcoin and cryptocurrency markets The recent transfer of BTC by Mt. Gox, a significant amount intended for creditor reimbursement, has coincided with a drop in Bitcoin (COIN:BTCUSD) prices, reaching its lowest level since the end of February. Following the transfer, Bitcoin’s price fell to $53,499.90, rebounding to a 1%…
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U.S. Index Futures Slightly Rise in Pre-Market Trading, Set for Weekly Gains
U.S. index futures show a slight increase in pre-market trading this Friday, with indices on track to end the week with gains as investors eagerly await payroll data. At 06:21 AM, Dow Jones futures (DOWI:DJI) rose 10 points, or 0.03%. S&P 500 futures advanced 0.04%, and Nasdaq-100 futures gained 0.13%. The 10-year Treasury yield stood…
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Tesla Listed for China’s Government Vehicles; Macy’s Acquisition Offer Raised, and More News
Tesla (NASDAQ:TSLA) – The Tesla Model Y was included for the first time on a list of plug-in electric and hybrid vehicles that a local government in China can acquire as a service car. This information was disclosed by the official Chinese media, The Paper, highlighting that the Jiangsu provincial government published the list on…
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U.S. Stocks Move Mostly Higher In Abbreviated Trading Session
After moving mostly higher to start the week, stocks saw further upside over the course of the trading session on Wednesday. With the continued upward move, the Nasdaq and the S&P 500 once again reached new record closing highs in an abbreviated trading session. The Nasdaq (NASDAQI:COMP) advanced 159.54 points or 0.9 percent to 18,188.30…
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BTC Falls Amid Market Pressure, Bittensor Suspends Operations, Consensys Enhances MetaMask Security
Fluctuations in the US bitcoin ETF market and the importance of the $60,000 mark for bitcoin Bitcoin (COIN:BTCUSD) registered a 2.9% decline in the last 24 hours, hitting $60,200 amid a broad market downturn. Selling pressure may increase due to the imminent asset distributions by the bankrupt exchange Mt. Gox, scheduled for release this week.…
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Private Sector Employment, U.S. Trade Deficit Up Less Than Expected
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by slightly less than expected in the month of June. ADP said private sector employment climbed by 150,000 jobs in June after rising by an upwardly revised 157,000 jobs in May. Economists had expected private sector employment to increase…
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Profit Taking May Contribute To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a slightly lower open on Wednesday, with stocks likely to give back ground after ending the previous session mostly higher. Traders may look to cash in on yesterday’s gains, which lifted the Nasdaq and the S&P 500 to new record closing highs. The S&P 500 closed…
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U.S. Index Futures Modestly Higher Before Key Economic Data Release; Early Closure for July 4th Holiday
U.S. index futures are modestly higher this Wednesday, with investors awaiting a series of significant economic data. U.S. markets will close early today at 1 PM and remain closed on Thursday due to the July 4th holiday. At 6:21 AM, Dow Jones futures (DOWI:DJI) were up 47 points, or 0.12%. S&P 500 futures advanced 0.02%,…